
KARACHI: February 15 –

KARACHI: February 15


ISLAMABAD, Feb 15 (APP): The 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 1,133.78 points, a negative change of 1.82 percent, closing at 61,020.06 points against 62,153.84 points the previous trading day.
A total of 345,126,091 shares valuing Rs.11.873 billion were traded during the day as compared to 303,886,073 shares valuing Rs.14.687 billion the last day.
Some 344 companies transacted their shares in the stock market; 85 of them recorded gains and 238 sustained losses, whereas the share prices of 21 remained unchanged.
The three top-trading companies were K-Electric Limited with 33,326,471 shares at Rs 4.3 per share, PIAC(A) with 28,606,500 shares at Rs 10.61 per share and Media Times Limited with 22,428,500 shares at Rs 1.98 per share.
Rafhan Maize Products Company Limited witnessed a maximum increase of Rs 223.75 per share price, closing at Rs.8,500.0, whereas the runner-up was Philip Morris (Pakistan) Limited with a Rs 11.50 rise in its per share price to Rs 740.00.
Mari Petroleum Company Limited witnessed a maximum decrease of Rs 54.67 per share closing at Rs2,267.11, followed by Mehmood Textile Mills Limited with Rs 42.02 decline to close at Rs.518.28.
ISLAMABAD, Feb 15 (APP): The United Kingdom-based club cricketer Rizwan Javed has been banned from all cricket for 17 and a half years after he was found guilty of five different breaches of the Emirates Cricket Board (ECB) Anti-Corruption Code for Participants (the ‘Code’).
Rizwan was among eight players and officials charged by the International Cricket Council (ICC) on behalf of the ECB (in its capacity as the Designated Anti-Corruption Official under the Code) in September last year in relation to the 2021 Abu Dhabi T10 Cricket League and attempts to corrupt matches in that tournament, which attempts were disrupted, said a press release.
Michael J Beloff KC, Chair of the ICC Code of Conduct Committee (acting as the ECB’s Disciplinary Panel), came to the decision after Rizwan failed to respond to the charges and was, therefore, deemed to have admitted that he had committed the offences charged, to have waived his right to a hearing and to have acceded to the imposition of a sanction.
Rizwan was found guilty of Article 2.1.1, Article 2.1.3, Article 2.1.4, Article 2.4.4 and Article 2.4.6.
Rizwan’s ban is backdated to September 19, 2023, the date he was provisionally suspended.
ICC General Manager Integrity, Alex Marshall, said, “Rizwan Javed has received a lengthy ban from cricket for his repeated and serious attempts to corrupt professional cricketers.
“He has shown no remorse and no respect for the rules that are in place to protect our sport.
“The sanction imposed should send a strong message to other corrupters trying to target cricket at any level and demonstrates that any attempt to corrupt cricket will be strongly dealt with.”